Human resources are the most important assets which a company holds. The careful approach of these resources is very important in accomplishing the goals of a company. This holds good for all companies. Irrespective of the fact whether they fall in the big, mid-sized, or a small unit level. Your company surely falls into one of these. You might be well informed of the need to streamline all Human Resource activities. So, Here comes the HR Management System to save the day.
Organizational dimension:
The size of a company does matter to some extent but with relation to Human Resource activities, there is barely any difference between SME’s and large companies. All companies irrespective of size has to adhere to certain basic regulations. The only advantage which an SME can have over larger organizations is in being more flexible as compared to bigger enterprises that are bound by certain structures and rules.
What is HR Management System:
HRMS in general covers almost the whole range of HR work. It is a software application that automates Human Resources roles with the use of computer technology resulting in the effective management of Human Resources processes.
How can HRMS help Small & Medium Enterprise?
HR Management System can help SME by automating the following methods:
- Maintaining attendance records: Managing attendance records of employees is one of the most helpful uses of an HRMS as it eliminates the human factor from such duties, decreasing the scope of error and risks connected with old-fashioned storage.
- Recruitment: An HRMS assists in the hiring method by recognizing areas in an organization where hiring with particular skill sets is required.
- Onboarding: Onboarding processes get streamlined with the help of the HR Management System.
- Benefits administration: Employee benefits like pension benefits, healthcare, etc. which fall under the benefits administration category are taken care of by HRMS which helps by allocating the benefits which an employee is allowed to depend on factors like age, terms of employment, etc.
- Managing payroll: Payroll management is taken care of by the HR Management System which calculates an employee’s take-home salary after taking into account parameters like leave is taken, the cost to the organization, etc.
- Performance management: The appraisal process is taken care of by the Human Resources Management System which calculates the productivity of an employee using raw data concerning deliverable, leave taken, overtime, etc. and then suggesting someone for awards, promotion, etc.
- Employee management: The HR Management System holds all information related to an employee like date of joining, qualifications, skills, age, date of birth, etc which can be put to use when needed.
- Report generation: The HR Management System can generate real-time reports for officials as per requirements.
Aside from all the above, most important an HRMS helps in decreasing costs in a big way as the entire software can be handled by a single HR staff.
HR Management System by Generix Solutions:
HR Management System developed by Generix Solutions has been successfully installed at many small, medium, and large organizations to take care of their HR needs. This is highly customizable software. It can be configured to take care of your organization’s needs. The tool helps in automating the following processes:
- Recruitment Management
- Document Management
- Employee Management
- Data Import Utility
- Attendance Management
- Employee Self Service Portal
- Leave Management
- Travel Management
- Payroll Management
- Loan Management
- Training Management
- Funds Management
- Reimbursement Management
- Appraisal Management
- Reports